Terms and Conditions for Savings Account

These terms and conditions apply to and regulate the operation of the Savings Account (the
“Account”) offered by ICICI Bank. These terms and conditions shall be in addition to any other
terms as stipulated by ICICI Bank from time to time.

1. Definitions

In these terms and conditions, the following words and phrases have the meaning stated
hereunder unless indicated otherwise:
1.1 “Account Opening Form” (AOF) refers to the relationship form for Savings Account.

1.2 "Customer" refers to any person holding an Account with ICICI Bank.

1.3 “Quarter” shall mean a financial quarter i.e. April – June, July – September, October –
December, January – March in any financial year.

1.4 "Services" shall mean the services provided by ICICI Bank in connection with the Saving
Account and more particularly described in these Terms.

1.5 "Website" refers to the website owned, established and maintained by ICICI Bank at the
URL www.bankofrajasthan.com .

Interpretation:
a) All references to singular include plural and vice versa and the word "includes" should be
construed as "without limitation".
b) Words importing any gender include the other gender.
c) Reference to any statute, ordinance or other law includes all regulations and other
instruments and all consolidations, amendments, re-enactments or replacements for the
time being in force.
d) All headings, bold typing and italics (if any) have been inserted for convenience of
reference only and do not define limit or affect the meaning or interpretation of these
Terms.
e) Words “ICICI Bank”, “the Bank”, refer to ICICI Bank Limited having its registered office at
Landmark, Race Course Circle, Vadodara 390007.

2. Applicability of Terms:

These terms and conditions form the contract between the Customer and ICICI Bank. The
Customer shall apply to ICICI Bank in the prescribed form for operation of the Account and
availing of the related Services. By applying for opening the Account, the Customer acknowledges
that he / she has /have read understood and accepted these terms and conditions.
 3. Account Opening:

The account opening formalities are governed by the policies of ICICI Bank and may be revised
from time to time. It may require customer/s to submit duly filled application form/s along with the
prescribed set of documents stipulated including Permanent Account No. (PAN) or Form 60/61
from time to time, to the satisfaction of the Bank. The Account cannot be opened for business
purposes.

In case the Account is opened with an account opening cheque, ICICI Bank reserves the right not
to open/activate the Account in the event the account opening cheque is dishonored.

Account may be opened in cash with the minimum amount prescribed by the Erstwhile
Bank of Rajasthan from time to time.

Any transactions undertaken from this account, shall be in compliance of all the FEMA
rules, regulations or notifications thereunder.

The Erstwhile Bank of Rajasthan branch may allow opening of more than one account in
identical entity / title in its sole and absolute discretion and as permitted by statutory /
regulatory requirements from time to time.
Any applicant unable to write should attend in person at the Erstwhile Bank of Rajasthan
branch and in the presence of witness affix his/ her thumb impression on the Application
Form and the prescribed declaration. The said thumb impression should be attested by
some respectable person known to Erstwhile Bank of Rajasthan Branch.

At the request of the depositor, the Erstwhile Bank of Rajasthan Branch may place in term
deposits the balance beyond Rs.5,000/- in S.B.A/c provided the sum is not less than
Rs.5,000/-.

Specimen Signatures - Every depositor will be required to give specimen of his/ her signature and
depositor must note that all receipts for money to be withdrawn as well as letters relating to their
deposit account must be signed strictly in accordance with the specimen of signature already on
Erstwhile Bank of Rajasthan / ICICI Bank record.

4. Operating Accounts:
4.1 An Account may be opened in the names of:
• An individual in his/her own name.
• Two or more persons in their joint names.

4.2 All the Accounts maintained in the name of an individual shall be operated singly by the
individual or the Power of Attorney holder of such individual and in the case of joint
accounts, by the account holders jointly, or by either of the joint-holder/s or as may be
specified by the joint account holder/s in the opening form, or by their Power of Attorney
holders and accepted by ICICI Bank in its discretion.

4.3 In case of joint Accounts, any change in operational instructions or any other information
with regard to the Account Opening Form is to be given by all the joint account holders
irrespective of the mode of operation.
4.4 ICICI Bank may send through courier or post from time to time to the mailing address
furnished by the Customer, statements of account, balance confirmation certificate, cheque
books, Debit cards, various PIN mailers and such other items relevant or pertaining to the
Account. It is incumbent upon the Customer to intimate change in mailing address, if any,
immediately. ICICI Bank shall not be responsible for any loss, damage or consequences for
wrong delivery of the above items arising out of non-intimation of change in mailing
address .

4.5 The Customer is / are expected to examine the entries in the Account statement on
receipt, and draw the attention of ICICI Bank to any errors or omissions that might be
discovered. ICICI Bank does not accept any responsibility for any loss arising out of failure
on the part of the Customer to carry out examination of entries in the passbook/statement
and to point out such error and/or omission within seven (7) days from the date of the
statement/ updation of passbook.

4.6 The Customer shall open the Account with a minimum balance as prescribed by ICICI
Bank from time to time. The Customer shall be responsible for maintaining a minimum
average balance which shall be in the form of a monthly average balance (“MAB”) during a
calendar month. Failure to maintain the prescribed MAB may attract service charges and
such charges may be deducted by ICICI Bank from the Customer’s Account.

4.7 The Customers are expected to provide PAN No. or Form 60/61 or any other document as
may be prescribed by tax authorities from time to time for opening the Account,
acceptance of cash deposits etc. in accordance with the provisions of Rule 114B to 114D of
the Income Tax Rules, 1962 and compliance thereof.
4.8 Customers are requested to hand over cash or cheques only to cashier/ clerks at the
windows on the counter specially marked “cash” “cheques”. No other employee is
authorized to receive such deposit and receipt given by him, if any, will not be binding on
ICICI Bank.
5. Cheque Book :

5.1 Cheque books will have to be collected by the Customer after account opening from
respective eBOR branches provided all formalities are completed. Subsequent cheque
books can be requisitioned through the requisition leaf available in the cheque book or
through ATMs subject to satisfactory conduct of the Account. ICICI Bank reserves the right
to recover the cost of the cheque book requisitioned.

5.2 Alterations, if any, on cheques are required to be authenticated by the drawer’s signature
against each such alteration. ICICI Bank reserves the right to refuse payment of cheques
that have been altered in any way unless the alteration is authenticated by the drawer
under full signature as per specimen on record with ICICI Bank. Cheques should be drawn
in such a way as to prevent alteration after issue and the drawer’s signature should be
uniform with that on record.

5.3 Erstwhile Bank of Rajasthan Branch will record and accept instructions from the drawer for
stopping payment requests against cheque/s that are lost, stolen, or not required to be paid
against, only if such instructions are received from the drawer by the Bank, prior to
presentment of such cheques at the Bank or in the case of e-cheques, only if the stop
 payment requests are logged prior to payment of moneys against the same, and ICICI Bank
shall not be responsible in any manner whatsoever for any losses caused, or payments
made, if the cheques are presented for payment to ICICI Bank prior to receipt of
instructions, if any, from the drawer of the cheque/s or in the case of e-cheques, if the stop
payment requests are logged after payment against such cheques has been initiated by
Erstwhile Bank of Rajasthan Branch. ICICI Bank may charge Service charge for such
countermanding instructions.

5.4 ICICI Bank may dishonour and/or return cheques unpaid which are altered, if considered
by the Bank to be ambiguous or suspicious in any way, or if received for payment more
than six months after the date the cheque is drawn.

5.5 Customer should issue cheques in the account only after making prior arrangement of
funds in the account to avoid returns/dishonour. If a cheque issued by a Customer is
required to be returned for insufficient balance in the Account or for being in excess of
arrangements, a penalty/charge may be levied by ICICI Bank. If any cheque deposited by
the Customer is returned unpaid, service charge may be recovered from the Customer. In
case of large number of returns/dishonours in the account, the Bank reserves the right to
take corrective action for the specific accounts as deemed fit.
6. Demand Drafts / Pay Orders:

The Customer may place a request for issue of demand drafts / pay orders (the “Instrument”) by
visiting only an erstwhile Bank of Rajasthan branch if the Instruments are to be created by debiting
his Account.

7. Safe Keep of Debit Card, Passwords and Cheque Book:

The Customer shall be solely responsible for the safe-keeping and the confidentiality of the
statements of account, balance confirmation certificate, cheque books, Debit card and its PIN, user
id and passwords relating to internet banking and such other items relevant or pertaining to the
Account.

8. Conduct of Account:
8.1 A Customer may request for transfer of his/her Account from one Erstwhile Bank of
Rajasthan Branch to another Erstwhile Bank of Rajasthan branch by giving a written
request along with, surrender of the ATM/Debit card, unused cheque books. Erstwhile Bank
of Rajasthan Branch will close the Account and arrange to open a new Account at the other
branch and will issue new cheque book, new ATM/debit card, etc.

8.2 Transactions are entertained normally during banking hours at the branch where the
Account is maintained or at any other Erstwhile Bank of Rajasthan Branch under Any
Where Banking (AWB). ICICI Bank shall not be liable for any delay on any account of failure
of connectivity. AWB will not be available on the day(s) when the branch where the account
holder has his/her Relationship, is closed.

8.3 Standing instructions are accepted free of charge for transferring funds from Savings
account to Fixed deposit or Recurring deposit accounts. Other standing instructions are
subject to service charges.
 8.4 ICICI Bank in its sole discretion may restrict the number of withdrawals in the Account.

8.5 The total number of withdrawals from a Saving Bank A/c during any half year, will not
exceed 50. Additional withdrawals may be allowed in deserving cases to any depositor by
the Branch Manager at his discretion on merits on payment of prescribed amount.
Depositors wishing to make additional withdrawals beyond 50 withdrawals may approach
the Branch Manager and obtain his consent. (For current charges refer Schedule of
Charges.)

8.6 A depositor can not withdraw a sum of less than Re.1/- unless it will close his/ her A/c.

8.7 Moffusil depositor can send money for deposit or application for withdrawal by post but the
pass book must be sent with each sum deposited and withdrawn. In case of withdrawal,
there must be instructions as to how the money is to be remitted to them.

8.8 The depositor may withdraw money from his/ her account through cheque / Withdrawal Slip
supplied by the Erstwhile Bank of Rajasthan branch, to him / her.

8.9 Pass Book need not necessarily be produced at the time of withdrawal through cheque
but it should be sent to the Erstwhile Bank of Rajasthan branch after the withdrawal for
updating.

8.10 The Erstwhile Bank of Rajasthan branch will not make payment on a Withdrawal Slip to a third
party even if the same is accompanied with the Pass Book.

9. Dormant Account:

9.1 In case there are no operations in the Account for a period of 24 months, the account will
be transferred to “inoperative account”. In case the balance remains less than the
prescribed amount in the inoperative account penalty at the prescribed rate would be
charged. (For current charges refer Schedule of Charges.)
Customer induced transactions shall mean any credit or debit transactions done by a
Customer in his Account through the following modes:
• Transactions through cheque.
• Cash or cheque deposit. Withdrawal or deposit through ATM.
• Transaction through internet
• Transaction by standing instruction, ECS and EFT.

9.2 ICICI Bank may in its sole discretion deny Services and/ or transaction in the Account of a
Customer, which has been classified as inactive or dormant.

10. Collection Facility:

 10.1 Cheques, drafts, bills, dividend / interest warrants and other instruments issued in favor
of the Customer are accepted for collection on Customer’s behalf. The collection of
outstation instruments entails collection charges. ICICI Bank does not accept any
responsibility for loss, delay, mutilation or interception of the instruments in postal or
courier transit. ICICI Bank does not accept or share any responsibility for delay in realisation
of such instruments or for the genuineness, validity or correctness of the signatures or
endorsements thereon. The withdrawals against such instruments are permissible only on
realisation of proceeds by ICICI Bank. Any provisional credit allowed at the discretion of
ICICI Bank for an instrument under collection is recoverable with interest if the instrument is
returned unpaid. ICICI Bank has right to disallow any drawings against such provisional
credit (shadow balance).

10.2 ICICI Bank has the authority to debit the accounts to recover any amount credited
erroneously.

10.3 Local cheques, etc., may be tendered for collection sufficiently early in the day as
required vis-a-vis the local clearing house timings. withdrawals against clearing cheques
will be normally permitted only against cleared balances as per clearing house rules.

10.4 In cases where a cheque is returned, the amount in respect of which had already been
credited to the Customer’s Account and/or in respect of which withdrawal was permitted,
ICICI Bank will reverse the credit of such amount and debit the amount equal to the amount
of the returned cheque. In such cases, if the Account does not have sufficient funds, the
outstanding amount shall be deemed to be a temporary overdraft granted to the Customer
and the Customer is bound to repay the amount immediately on demand by the Bank. In
debiting the amount as aforesaid, ICICI Bank would debit the amount credited or the Rupee
amount equivalent to the relevant foreign currency denominated cheque whichever is
higher. The service charges, penalties and other charges as applicable will also be levied by
ICICI Bank in such instances.
10.5 All cheques, drafts and other valuable instruments sent by a customer by post must be sent
only by means of registered post, failing which the Erstwhile Bank of Rajasthan branch shall
be absolved of all liability arising from any fraud in respect of such instruments if lost or
stolen in transit.

11. Overdrawing:

If for whatever reasons the Account has a debit balance, Customer shall pay interest and other
charges in accordance with ICICI Bank's prevalent rates and practice. Any temporary overdraft in
the Account should be construed as a one time facility only and not a continuous arrangement,
unless otherwise agreed to, by ICICI Bank in writing.

12. Charges / Fees:

Charges in connection with the operation of the Account and the Services would be levied at the
rates as prescribed on the Website from time to time. Charges will be debited to the Account at
such intervals as may be deemed fit by ICICI Bank.

ICICI Bank will also have the right to set-off the service charges, charges for non-maintenance of
MAB or any wrong credit or late returns reported by the correspondent bank /counter party by
debiting the Account, without requirement of providing further notice or seeking additional
consent / authorisation. In case balance in the Account becomes overdrawn as a result of such
set-off, ICICI Bank will be entitled to charge interest at such rates as ICICI Bank may deem fit in its
sole discretion, for the period for which the Account remains overdrawn at any time during the
maintenance of the Account. In case of any shortfall in the Account or in the event of closure of
the Account, the Customer shall be liable to pay the amount outstanding on account of charges /
interest or otherwise to ICICI Bank, forthwith, without demur or protest.

The Customer agrees and confirms that in the event any of the Services in connection with the
Account are or become liable to tax under the applicable laws and regulations, the Customer shall
bear all the taxes or duties (by whatever name called) in connection with such Services and ICICI
Bank is hereby authorised to deduct any such amount from the Account, without requirement of
providing further notice or seeking additional consent / authorisation.

In the event of occurrence of any of the above events, the Customer shall receive balance
amounts, net of all deductions made as per the terms and conditions hereof. The Customer shall
be intimated at the last address provided by the Customer and required to collect all such
amounts, from ICICI Bank; in case the Customer does not collect the amounts within the time
period stipulated by the Bank in the communication sent to him / her as above, then ICICI Bank
shall send the amounts at the last known address of the Customer and will not be liable for any
reason whatsoever in case of non-receipt of such amount/s by the Customer or any losses or
damages incurred by the Customer as a consequence thereof.

13. Holiday Processing:

Any transactions on any Sunday or any public holiday may be shown in the Account, at the sole
discretion of ICICI Bank, as having taken place on the same or subsequent business day of ICICI
Bank. All deductions/accretions on such amount shall be deducted/accrued as of such day. ICICI
Bank shall not be responsible for any loss of interest or liability incurred/suffered by the Customer
including but not limited to return of cheques, loss of interest arising due to such transaction
being not shown on the day the same actually occurred. The Cheques / drafts / pay orders / other
instrument deposited on any day which is a Sunday or public holiday or after the time of clearing
for the day is normally effected by ICICI Bank shall be sent for clearing on the next business day of
ICICI Bank.

14 . Pass Book / Statement of Account:

The depositor will be provided with a pass book containing the relevant particulars of the
account. The Pass Book should be presented at the Erstwhile Bank of Rajasthan branch at
the time of every deposit or withdrawal (except when withdrawal allowed by cheque) for
updating.

The updated passbook will be returned to the depositor. The depositor should carefully
examine all the entries made in the Pass Book and bring to the notice of the Erstwhile Bank
of Rajasthan if any error/omission is noticed by him/her within 7 days from its receipt.

The Erstwhile Bank of Rajasthan will not be responsible for any loss caused due to
negligence of the depositor in this regard. The depositor is advised to keep the Pass Book
in proper condition as mutilated / folded Pass Book may cause damage to the computer’s
printer. If the same is not found fit for computerized entry a new Pass Book will be issued
on payment of charges as prescribed by the Erstwhile Bank of Rajasthan from time to time.
(For current charges refer Schedule of Charges.).
 The depositor is requested to keep the Pass Book in proper custody. In case of loss of Pass
Book new Pass Book will be issued on payment of prescribed charges. (For current
charges refer Schedule of Charges.) - Depositors should be careful to keep their Pass Books
and cheque Book in their own possession as the Erstwhile Bank of Rajasthan will not be
responsible for any loss caused to a depositor if any person shall obtain possession of the
Pass Book or Cheque Book and fraudulently obtain payment of any sum belonging to the
Depositor.

All cheques, drafts and other valuable instruments sent by a customer by post must be
sent only by means of registered post, failing which the ICICI Bank will be absolved of all
liability arising from any fraud in respect of such instruments if lost or stolen in transit.

The depositor must not write or make any mark on his/her Pass Book in any case. In the
event of depositors so doing a new (duplicate) Pass Book will be issued, and the cost as per
prescribed service charges will be debited to the depositor’s account.

Unless disputed by the Customer within seven (7) days of mailing of the statement of
Account /posting of entries in the passbook of Customers, the same shall be deemed to be
accepted by the Customer.

15. Payment of Interest :

Interest will usually be allowed on the credit balance in the account on daily product basis
and shall be credited for every half year ending on 31 st August and 28/29 Feb. in the month
of September and March respectively at the rate in force in accordance with Reserve Bank
of India directives. An account which earns half yearly interest less than Re.1 or which is
closed within less than three months from the date of opening will bear no interest. (For
current rate of interest refer Schedule of charges)

16. Death or Incompetence :

The Customer agrees to notify ICICI Bank promptly if any of the joint account holders or
authorized signatory of the Account dies or is declared incompetent by a court. ICICI Bank may
place a freeze on the Account and stop all operations when any of the joint account holders or
authorized signatories dies or is declared incompetent. ICICI Bank may retain the freeze on the
Account until it establishes the identity and credentials of the successor/beneficiary to its
satisfaction.

17. Nomination :

Nomination facility is available for the Account in the names of individuals. Only one nominee is
permissible for an Account and the nomination is to be made by the Customer duly witnessed by
a third person. The Customer should ensure that he/ she gets/ is given the acknowledgment as per
the nomination rules framed by Reserve Bank of India. The Customer is at liberty to change the
nominee, through declaration in the appropriate form to revise the nomination during the
currency of the Account with ICICI Bank.
 18. Sharing of Information :

The Customer undertakes and authorises ICICI Bank, its Group Companies to exchange, share or
part with all the information, data or documents relating to his/her application to other ICICI Group
Companies / Banks / Financial Institutions / Credit Bureaus / Agencies / Statutory Bodies /Tax
authorities /Central Information Bureaus/ such other persons as ICICI Bank / its Group Companies
may deem necessary or appropriate as may be required for use or processing of the said
information / data by such person/s or furnishing of the processed information / data / products
thereof to other Banks / Financial Institutions / credit providers / users registered with such
persons and shall not hold ICICI Bank / its Group Companies liable for use of this information.

19. Change of Terms :

ICICI Bank shall have the absolute discretion to amend or supplement any of the Terms at any
time. ICICI Bank may communicate the amended Terms by hosting the same on the Website or in
any other manner as decided by ICICI Bank. The Customer shall be responsible for regularly
reviewing these Terms including amendments thereto as may be posted on the Website.

20. Non-Transferability :

The Account and the Services provided to the Customer are not transferable under any
circumstance and shall be used only by the Customer. However, ICICI Bank shall have the right to
transfer, assign or sell all its rights, benefits or obligations to any person and these Terms shall
continue to be in force and effect for the benefit of the successors and assigns of ICICI Bank.

21. Notices :

Notices in respect of the Account, the services and facilities in connection with the Account may
be given by ICICI Bank either through email or posting a letter to the Customer’s address. ICICI
Bank may also give any notice by posting the notice on the Website and the same will be deemed
to have been received by the Customer upon its publication on the Website.

All notices in connection with the Services or the Account by the Customer to ICICI Bank shall be
in writing and sent to the address as provided below and all notices shall be deemed to be
received by ICICI Bank only upon acknowledgment of receipt of the same in writing by ICICI Bank.

ICICI Bank Limited

ICICI Bank Phone Banking Centre
P. O. Box No. 20
Banjara Hills P. O.
Hyderabad 500 034,
India

22. Electronic Transactions :

The Customer agrees to adhere to and comply with all such terms and conditions as ICICI Bank
may prescribe from time to time, and hereby agrees and confirms that all transactions / Services
effected by or through facilities for conducting remote transactions including the Website, ICICI
Bank 24-Hour Customer Care Centre, World Wide Web, electronic data interchange, teleservice
operations (whether voice, video, data or combination thereof) or by means of electronic,
computer, automated machines network or through other means of telecommunication,
established by or on behalf of ICICI Bank, for and in respect of the Account, or ICICI Bank's other
products and services, shall constitute legally binding and valid transactions when done in
adherence to and in compliance with ICICI Bank's terms and conditions for such facilities, as may
be prescribed from time to time.

23. Waiver :

No failure or delay by ICICI Bank in exercising any right, power or privilege hereunder shall
operate as a waiver thereof nor shall any single or partial exercise of any other right, power or
privilege. The rights and remedies of ICICI Bank as stated herein shall be cumulative and not
exclusive of any rights or remedies provided by law.

24. Indemnity :
a) The Customer hereby agrees that the Customer shall, at his/its own expense, indemnify,
defend and hold harmless ICICI Bank from and against any and all liability any other loss
that may occur, arising from or relating to the operation or use of the Account or the
Services or breach, non-performance or inadequate performance by the Customer of any
of these Terms or the acts, errors, representations, misrepresentations, misconduct or
negligence of the Customer in performance of its obligations.

b) Under no circumstances shall ICICI Bank be liable to the Customer for any indirect,
incidental, consequential, special or exemplary damages in connection with the Account or
the Services.

c) ICICI Bank shall not be liable for any failure to perform any obligation contained in these
Terms or for any loss or damage whatsoever suffered or incurred by the Customer
howsoever caused and whether such loss or damage is attributable (directly or indirectly)
to any dispute or any other matter or circumstances whatsoever.

d) The Customer shall indemnify ICICI Bank as collecting banker for any loss or damage which
ICICI Bank may incur or suffer by guaranteeing any endorsement or discharge on a cheque,
bill or other instrument presented for collection and such guarantee as given by ICICI Bank
shall be deemed to have been given in every case at the Customer's express request.

e) The Customer shall keep ICICI Bank indemnified at all times against, and save ICICI Bank
harmless from all actions, proceedings, claims, losses, damages, costs, interest (both
before and after judgment) and expenses (including legal costs on a solicitor and client
basis) which may be brought against or suffered or incurred by ICICI Bank in resolving any
dispute relating to the Customer's Account with ICICI Bank or in enforcing ICICI Bank's
rights under or in connection with these Terms and conditions contained herein, or which
may have arisen either directly or indirectly out of or in connection with ICICI Bank
performing its obligations hereunder or accepting instructions, including but not limited to,
fax and other telecommunications or electronic instructions, and acting or failing to act
thereon.

f) If any sum due and payable by the Customer is not paid on the due date, including without
limitation any moneys claimed under this Paragraph, the Customer shall be liable to pay
interest (both after as well as before any judgment) on such unpaid sum at such rate or
rates as ICICI Bank may from time to time stipulate from the date payment is due up to the
 date of payment.

g) The Customer shall solely be responsible for ensuring full compliance with all the
applicable laws and regulations in any relevant jurisdiction in connection with
establishment of his/her Account with ICICI Bank and shall indemnify and keep indemnified
ICICI Bank from all actions, proceedings claims, losses, damages, costs and expenses
(including legal costs on a solicitor and client basis) which may be brought against or
suffered or incurred by ICICI Bank in connection with any failure to comply with any such
applicable laws/regulations.

h) The indemnities as aforesaid shall continue notwithstanding the termination of the Account.

25. No Encumbrances :

The Customer shall not create or permit to subsist, any encumbrance or third party interest over
or against any account(s) with ICICI Bank or any monies lying therein without ICICI Bank's express
prior written consent.

26. Banker's Lien and Set-Off :

a) ICICI Bank shall have the paramount right of set-off and lien, irrespective of any other lien or
charge, present as well as future, on all the deposits held/ balances lying in any Account of
the Customer, whether in single name or joint name(s), to the extent of all amounts payable
by the Customer arising as a result of any of ICICI Bank's services extended to and/or used
by the Customer or as a result of any other facilities that may be granted by ICICI Bank to
the Customer. ICICI Bank is entitled without any notice to the Customer to settle any
indebtedness whatsoever owed by the Customer to ICICI Bank, whether actual or
contingent, or whether primary or collateral, or whether joint and/or several, including
without limitation indebtedness under any indemnity given by the Customer to ICICI Bank
hereunder or under any other document/ agreement, by adjusting, setting-off any
deposit(s) and transferring monies lying to the balance of any Account(s) held by the
Customer with ICICI Bank, notwithstanding that the deposit(s)/ balances lying in such
Account(s) may not be expressed in the same currency as such indebtedness. ICICI Bank's
rights hereunder shall not be affected by the Customer's bankruptcy, insolvency, death or
winding-up.
b) In addition to ICICI Bank's rights of set-off, lien or any other right which it may at any time
be entitled whether by operation of law, contract or otherwise, the Customer authorises
ICICI Bank: (a) to combine or consolidate at any time all or any of the accounts and
liabilities of the Customer with or to any branch or office of ICICI Bank Limited (whether in
India or elsewhere); and (b) to apply, set-off or transfer at any time (without prior notice to
the Customer) any credit balance (whether or not then due) to which the Customer is at any
time beneficially entitled (whether singly or jointly) on any account, in the Customer's name
or jointly with any other person, with any branch or office of ICICI Bank Limited (whether in
India or elsewhere) towards the satisfaction of any or all of the Customer's liabilities
(whether such liabilities be present or future, actual or contingent, primary or collateral, or
several or joint) under the Terms or for the Customer's account(s) or under the terms of any
other facilities that may be granted by ICICI Bank to the Customer.

c) In respect of a joint Account, ICICI Bank shall be entitled to set-off any sums standing to the
credit of such joint account against the debit balance in other accounts which may be held
 by one or more holders of such joint Account.

d) ICICI Bank shall not be under any obligation to exercise any of its rights under this
Paragraph.

e) The above mentioned rights of ICICI Bank are without prejudice to the obligations of the
Customer to pay to ICICI Bank when due all its indebtedness and without prejudice to any
other rights that ICICI Bank may have against the Customer for recovery of outstanding
from Customer to ICICI Bank.
f) ICICI Bank shall be entitled to withhold payments out of the Customer's Account or
dishonour the Customer's cheque/ instructions in case any amounts outstanding from the
Customer to ICICI Bank are not paid when due.
27. Governing Law :

The laws of India shall govern these Terms. The Parties hereby agree that any legal action or
proceedings arising out of the Terms shall be brought in the courts or tribunals at Mumbai in India
and irrevocably submit themselves to the jurisdiction of such courts and tribunals. ICICI Bank may,
however, in its absolute discretion, commence any legal action or proceedings arising out of the
Terms in any other court, tribunal or other appropriate forum, and the user hereby consents to that
jurisdiction. Any provision of these Terms, which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of prohibition or unenforceability but shall
not invalidate the remaining provisions of the Terms or affect such provision in any other
jurisdiction.

28. Disclosure :

a) The Customer hereby irrevocably authorises ICICI Bank to disclose, as and when ICICI Bank
is required to do so by applicable law or when ICICI Bank regards such disclosure as
necessary or expedient (including but not limited to disclosures for the purpose of credit
review of any Account, service/s or credit facilities received by the Customer from ICICI
Bank whether singly or jointly with others or otherwise), any information relating to the
Customer, his/her Account(s) or other assets or credit facilities whatsoever held on the
Customer's behalf to:-
1. the head office, affiliates or any other branches or subsidiaries of ICICI Bank;
2. his/her auditors, professional advisers and any other person(s) under a duty of
confidentiality to the Bank;
3. vendors, installers, maintainers or servicers of ICICI Bank’s computer systems;
4. any exchange, market, or other authority or regulatory body having jurisdiction over
ICICI Bank, its head office or any other branch of ICICI Bank or over any transactions
effected by the customer or the Borrower or for the customer's or the Borrower’s
account;
5. any party entitled to make such demand or request;
6. any person with whom ICICI Bank contracts or proposes to contract with regard to the
sale or transfer or sharing of any of its rights, obligations or risks under the Terms;
7. any person (including any agent, contractor or third party service provider) with whom
ICICI Bank contracts or proposes to contract with regard to the provision of services in
respect of the Customer's or the Borrower’s account(s) or Facilities (as the case may be)
or in connection with the operation of ICICI Bank's business;
8. any person employed with, or engaged as an agent by, the Bank or its head office or
 affiliates, including any relationship officers for the purposes of or in connection with
interactions with the Customers or providing services to the customers or the
Borrower’s or processing transactions pertaining to the Customers’ or the Borrower’s
accounts or Facilities; and
9. to enable ICICI Bank to centralise or outsource its data processing and other
administrative operations) to ICICI Bank’s head office, its affiliates or third parties
engaged by the Bank for any such services/operations.

b) The Customer hereby agrees and consents that ICICI Bank shall be entitled, in connection
with the Customer’s application for any account, facilities or services provided by ICICI
Bank, or during the course of the Customer’s relationship with ICICI Bank, to obtain and
procure information pertaining to the Customer or any of his/ her/ its accounts, legal or
financial position from whatever sources available to ICICI Bank.
29. Closure of the Account :

*ICICI Bank reserves the right to close or freeze the Account(s), after due notice to the Customers
for reasons which may include, but not limited to, the following:
1. In case any of the documents furnished towards Identity and address proof are found to be
fake / forged / defective;
2. The Account opening cheque is returned unpaid for financial reasons/ signature not
matching;
3. In case fraudulent / forged / fake cheques / bank drafts or any such instruments are
attempted to be cleared / cleared through the Account;
4. In case of frequent returns of inward / outward cheques in the Account;
5. In case a debit balance for reasons, including but not limited to, non-repayment in case of
facilities offered by ICICI Bank, where repayment is to be made through Customer’s
Account; reversal of wrong credit; any temporary overdraft granted to the Customers by in
the Bank in relation to any facility or otherwise, etc., is allowed to continue for more than
90 days in the Account;
6. Improper conduct of the Account in terms of volume / type of transactions;
7. For unsatisfactory conduct of the Account.

The Customers shall be solely liable for return of cheques / dishonouring of any instruments
consequent to such closure and all costs / charges arising out of such closure / freezing of the
Account(s).

Upon closure of the Account(s) for any of the reasons specified above or otherwise, the Customer
shall take steps to collect any balance amount in the Account, if any, and till such time the
Customer collects such amounts, ICICI Bank reserves the right to keep such amounts in a special
office account without any interest being payable on the same.

* ICICI Bank reserves the right, without any further notice, to close the Account without any notice
in case the account is in debit balance for more than 12 (twelve) months due to reasons, including
but not limited to, non-maintenance of MAB, annual fees for Debit/ATM cards, ATM card
interchange charges, etc..